- [Narrator] In IoT and especially in IIoT,…the industrial internet of things,…predictive maintenance is a celebrity.…It's extremely important, but it's only one…tool in the toolbox.…IoT enables a full spectrum of powerful…support and maintenance mechanisms that are…transforming as a utilization as we know it today.…The first trend is moving from reactive and proactive…maintenance to preventative maintenance,…predictive maintenance, and prescriptive maintenance.…Reactive maintenance is simply a problem occurs,…you react, and you fix it.…

Proactive maintenance means every product…is on a schedule and it is maintained…whether it needs to be fixed or not.…Moving to IoT, we have preventative maintenance.…Preventative maintenance recognizes that a problem…is occurring and then tries to mitigate it.…For example, if there's a sensor on a joint…and it realizes the joint is heating up,…it can cool it down by spraying a jet of water on it.…Predictive analytics anticipates problems…before they occur.…

For example, if we recognize a certain stress…

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Released

6/23/2017

The Internet of Things (IoT) presents an array of fascinating possibilities—but is there money to be made? In this course, Bruce Sinclair discusses the business of IoT, and provides you with the vocabulary to talk about how to leverage this technology to make money. Bruce covers the four main ways of creating value with IoT, and explores various ways to monetize that value. He familiarizes you with the five main IoT business models on the IoT business model continuum: product, product service, service, service outcome, and outcome. Plus, he discusses how IoT can help you establish more meaningful relationships with your customers.